Rhode Island will purchase the remaining 82 acres of the Rocky Point seaside property in Warwick for $9.7 million to develop as a state park, using open-space bond money that voters approved in 2010.

The U.S. Small Business Administration, acting as receiver for Moneta Capital Corp., approved the state’s request on Monday, Gov. Lincoln Chafee announced. The SBA needs approval from the U.S. District Court for the District of Rhode Island, a process that could take months.

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